Global shares decline as investors watch spending

Global shares mostly retreated Monday as investors awaited updates on consumer spending and inflation in the US and other nations.

Source: Freepik

France's CAC 40 edged 0.1% lower in early trading to 7,285.41, while Germany's DAX fell 0.2% to 15,997.64. Britain's FTSE 100 lost 0.3% to 7,467.37.

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In Asian trading, Japan's benchmark Nikkei 225 dipped 0.5% to finish at 33,447.67 after the producer price index in October came in a little higher than expected, at 2.3%.

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Traders have recently grown cautiously optimistic that inflation has cooled enough for the Federal Reserve to finally be done with its market-crunching hikes to interest rates.

Source: Pexels